accy201 at Ole Miss
Hey, check it out, this is the first video of Chapter 1: The Accounting Equation. It's thrilling. You're going to love it!

Hello there, I'm Aaron. I designed and coded this site, recorded all these videos, and wrote all the practice problems. I got my Undergrad and Master's in Accounting and then went on to get my CPA License (exciting, right?). I worked at Ernst and Young for about a year but never really loved it, so I quit and became a programmer. I do love accounting though, and I love teaching it, which is why I made this site. Please feel free to reach out to me if you ever have any questions!

A couple of bits of info about the site:

  • I've recorded 84 videos, which means you get 845 minutes of accounting (lucky you)
  • There are 70 practice problems right now, and I'm always adding more.
  • Those problems & videos cover all 11 chapters of Accy 201.
  • You can email me anytime at [email protected].

The Whole Class All of the Videos

    Chapter 1
    Introduction to Accounting

  1. The Accounting Equation

    3:02
  2. Assets vs Liabilities

    5:32
  3. Shareholder's Equity

    5:26
  4. The Balance Sheet

    5:52
  5. The Statement of Retained Earnings

    5:51
  6. The Income Statement

    6:19
  7. The Statement of Cash Flows

    6:02
  8. How the Statements Work Together

    9:02
  9. I stopped going to class after the second test and pretty much just watched your chapter videos.
    — Ryan, Spring 2016

    Chapter 2
    Recording Transactions

  10. Current Assets

    9:57
  11. Non-Current Assets

    10:25
  12. Current Liabilities

    6:24
  13. Non-Current Liabilites

    2:00
  14. Contributed Capital

    5:10
  15. The Classified Balance Sheet

    4:48
  16. Retained Earnings vs Shareholder's Equity

    6:41
  17. T-Accounts

    3:15
  18. Debits and Credits

    6:49
  19. Determining Normal Balances For Assets & Liabilities

    10:04
  20. Determining Normal Balance for Shareholder's Equity

    11:53
  21. Normal Balance Shortcut: Double Entry

    11:51
  22. Normal Balance Shortcut: DEAD Mnemonic

    2:36
  23. The Journal, Ledger, Trial Balance

    14:00
  24. You saved me in accounting and I made an A!
    — Liz, Fall 2016

    Chapter 3
    Adjusting Accounts

  25. Cash vs. Accrual Accounting

    7:21
  26. Expense Recognition

    8:07
  27. Accruals and Deferrals

    15:07
  28. What is an Adjusting Entry?

    4:11
  29. Adjusting Entry: Supplies

    1:54
  30. Adjusting Entry: Wages

    4:52
  31. Adjusting Entry: Unearned Revenue

    2:11
  32. Adjusting Entry: Interest

    2:03
  33. Contra-accounts

    4:40
  34. Depreciation

    7:10
  35. The Closing Process

    10:37
  36. Your website is so awesome!! Seriously you give a fresh perspective on all the topics talked about in class and the vocabulary you use is very easy to understand. The way you teach almost makes the material feel very easy to comprehend.
    — Kyle F., Fall 2019

    Chapter 4
    Merchandising Firms

  37. COGS and Inventory

    2:57
  38. Net Sales

    10:03
  39. Perpetual vs Periodic

    7:10
  40. Drawbacks to Periodic

    6:07
  41. FOB Shipping?

    8:51
  42. Transportation In

    8:41
  43. COGS

    6:18
  44. The Multistep Income Statement

    12:44
  45. Gross Profit vs Net Profit

    6:15
  46. Profit Margin

    3:22
  47. I stopped going to class when I found out about your website. You offered a clearer way of communicating accounting and I appreciate that.
    — Colton, Fall 2018

    Chapter 5
    Inventories

  48. Specific Identification

    2:17
  49. Weighted Average

    4:21
  50. FIFO and LIFO

    20:17
  51. Estimating with Gross Profit

    7:23
  52. Thank you for creating and providing these resources! It was very helpful and taught concepts in an engaging and simple manner.
    — Joseph Y., Fall 2019

    Chapter 6
    Cash and Bank Reconciliations

  53. Cash and Cash Equivalents

    7:52
  54. Bank Reconciliations: What and Why

    9:38
  55. Bank Reconciliations: How

    20:57
  56. Debit and Credit Memos

    5:21
  57. Fixing Mistakes in Bank Recs

    8:32
  58. I didn’t find your site until second half of the semester last spring and wish that I had used it all along!
    — Hunt, Spring 2019

    Chapter 7
    Accounts Receivable and Bad Debts

  59. A/R and Bad Debts Introduction

    7:09
  60. Direct Method

    4:15
  61. The Allowance Method

    8:56
  62. Income Statement vs Balance Sheet Methods

    13:14
  63. Net Credit Sales

    5:20
  64. Write Offs and Reinstatements

    8:26
  65. Notes Receivable

    11:27
  66. I’ll be happy to spread the word about your site. There’s no way I could have any clue what is going on in this class without it.
    — Brandon, Spring 2019

    Chapter 8
    Long Term Assets

  67. Acquisition Cost of Assets

    13:23
  68. Lump Sum Purchases

    6:01
  69. What is Depreciation?

    11:23
  70. Straight Line Depreciation

    4:33
  71. Double Declining Balance

    13:58
  72. Units of Production

    3:43
  73. Partial Year Depreciation

    5:50
  74. Capital vs. Revenue Expenditures

    10:42
  75. Your site really saved my GPA and increased my understanding of accounting substantially.
    — Bailey, Fall 2016

    Chapter 9
    Current Liabilities

  76. Interest Bearing Notes

    8:26
  77. Contingencies

    5:58
  78. As soon as I subscribed, my test grades went up at LEAST a letter grade. I only use your website and the book to study and I am about to take my final exam. I haven’t been able to come across video as helpful or as easy to follow as yours. It was beautifully simple and simply beautiful how you made it seem like a puzzle and that I should not be intimidated by financial accounting. Hopefully this final goes well, and I'm watching your videos right now to get a little review before hand.
    — Jeronimo, Summer 2018

    Chapter 10
    Long Term Liabilities

  79. Intro to Bonds

    10:04
  80. Discounts and Premiums

    7:34
  81. Selling at a Discount

    7:15
  82. Selling for a Premium

    8:11
  83. Amortization

    21:42
  84. Borrowing Cost

    6:33
  85. Interacting with Market Rates

    5:30
  86. Retiring Bonds

    9:54
  87. Got an A in this course thanks to your videos! 10/10 would recommend to next classes to get the membership. Definitely worth it. Thanks Aaron.
    — Juan, Fall 2016

    Chapter 11
    Capital Stock

  88. Shareholder's Equity

    5:12
  89. Stock Classifications

    4:19
  90. Issuance of Stock

    6:37
  91. Treasury Stock

    11:11
  92. Cash Dividends

    9:58
  93. The Effect of Cash Dividends

    6:08
  94. Stock Dividends

    13:48
  95. Your site was a great crash course for procrastinators like me, and watching your videos at 2x speed along with my lectures was enough to do well on the exam.
    — Nathan, Fall 2019